College of Saint Benedict

EIN: 410969244 501(c)(3) Education

Saint Joseph, MN

Total Revenue
$105,654,679
Total Expenses
$109,858,655
Total Assets
$280,656,848
Net Assets
$233,981,731
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1913
Legal Domicile
MN
Phone
3203635999
Tax Period
2023-07-01 to 2024-06-30

College of Saint Benedict, founded in 1913, is a major nonprofit in the Education sector that reported $105.7M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Net assets of $234.0M represent 27 months of operating reserves.

Mission

TO PROVIDE FOR WOMEN THE BEST RESIDENTIAL LIBERAL ARTS EDUCATION IN THE CATHOLIC BENEDICTINE TRADITIONS. THE COLLEGE FOSTERS INTEGRATED LEARNING, EXCEPTIONAL LEADERSHIP FOR CHANGE AND WISDOM FOR A LIFETIME.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,754,442
Program Service Revenue $92,867,636
Investment Income $3,678,822
Other Revenue $353,779
TOTAL REVENUE $105,654,679

Expense Breakdown

Grants Paid $44,863,821
Salaries & Benefits $35,763,425
Fundraising Expenses $2,966,121
Program Expenses $96,980,252
Other Expenses $29,231,409
TOTAL EXPENSES $109,858,655

Year-over-Year Comparison

2023 2022 Change
Revenue $105,654,679 $118,861,967 -0.1%
Expenses $109,858,655 $106,744,507 +0.0%
Net Income $-4,203,976 $12,117,460 -1.3%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
35
Independent Members
34
Employees
1810
Volunteers
1200

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$1,079,468
Total Directors
37
$588,813
Key Employees
2
$438,641
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bennett Morgan Board Vice Chair 4.0
Officer Director
$0 $0 $0
Brian Bruess CSB & SJU President 60.0
Officer Director
$508,652 $80,161 $588,813
Leanne Stewart Board Chair 6.0
Officer Director
$0 $0 $0
Barbara Brandes Trustee 2.0
Director
$0 $0 $0
Bill Lies CSC Trustee 2.0
Director
$0 $0 $0
Br Aelred Senna OSB Trustee 2.0
Director
$0 $0 $0
Br Benedict Leuthner OSB Trustee through 09/2023 2.0
Director
$0 $0 $0
Br Dennis Beach OSB Trustee 2.0
Director
$0 $0 $0
Brian McGrane Trustee 3.0
Director
$0 $0 $0
Carol Schleif Trustee 3.0
Director
$0 $0 $0
Chip Ray Trustee 2.0
Director
$0 $0 $0
Corie Barry Trustee 3.0
Director
$0 $0 $0
Dan Whalen Trustee 2.0
Director
$0 $0 $0
Daniel Scott Trustee 2.0
Director
$0 $0 $0
Dave Roberts Trustee 3.0
Director
$0 $0 $0
Ed Bonach Trustee 2.0
Director
$0 $0 $0
Edwin Torres Trustee 2.0
Director
$0 $0 $0
Greg Melsen Trustee 2.0
Director
$0 $0 $0
Greg Soukup Trustee 3.0
Director
$0 $0 $0
Gretchen Agee Trustee 2.0
Director
$0 $0 $0
Joan Lescinski CSJ Trustee 2.0
Director
$0 $0 $0
Jona Van Deun Trustee 3.0
Director
$0 $0 $0
Kelly Skalicky Trustee 2.0
Director
$0 $0 $0
Lynn Myhran Trustee 3.0
Director
$0 $0 $0
Marilyn Porter Trustee 2.0
Director
$0 $0 $0
Mary Dombovy Trustee 2.0
Director
$0 $0 $0
Mary Kramer Trustee through 09/2023 2.0
Director
$0 $0 $0
Mary Thompson Trustee 2.0
Director
$0 $0 $0
Michele Martin Trustee 2.0
Director
$0 $0 $0
Nickolas Kleespie OSB Trustee Beg. 09/2023 2.0
Director
$0 $0 $0
Philip Galanis Trustee 2.0
Director
$0 $0 $0
S Mary Reuter OSB Trustee 2.0
Director
$0 $0 $0
S Michaela Hedican OSB Trustee 2.0
Director
$0 $0 $0
S Nina Lasceski OSB Trustee 2.0
Director
$0 $0 $0
Sandy Forster Trustee 2.0
Director
$0 $0 $0
Scott Becker Trustee 3.0
Director
$0 $0 $0
Tom Nicol Trustee 3.0
Director
$0 $0 $0
Anne Oberman Chief Financial Officer 50.0
Officer
$172,999 $42,508 $215,507
Cheryl Stanton Gen. Counsel/Board Secretary 50.0
Officer
$254,041 $21,107 $275,148
Heather Pieper-Olson VP Institutional Advancement 50.0
Key Emp
$200,829 $41,700 $242,529
Mary Geller Associate Provost 50.0
Key Emp
$152,390 $43,722 $196,112
Casey Gordon CIO 50.0
Highest
$157,782 $46,431 $204,213
Cory Piper Dean of Admissions/Sr Officer 50.0
Highest
$160,625 $21,916 $182,541
Karyl Daughters Dean of Curriculum & Assessment 50.0
Highest
$124,412 $85,506 $209,918
Pamela Bacon Assoc. Provost/Dean of Faculty 50.0
Highest
$138,015 $35,876 $173,891
Sandra Mitchell Senior Diversity Officer 50.0
Highest
$150,919 $11,865 $162,784
Susan Palmer Former VP Finance & Administration 0.0
$152,526 $0 $152,526
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $105,654,679 $109,858,655 $280,656,848 $-4,203,976
2023 $118,861,967 $106,744,507 $276,372,938 $12,117,460
2022 $117,974,549 $110,219,633 $260,781,367 $7,754,916
2021 $115,377,866 $104,545,154 $271,867,157 $10,832,712
2020 $110,041,062 $108,605,532 $251,991,111 $1,435,530
2019 $125,216,158 $107,656,405 $250,707,581 $17,559,753
2018 $114,098,252 $108,450,701 $248,239,622 $5,647,551
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